Foreign Stock Listings: Benefits, Costs, and the Accounting Poiicy Dilemma

13 Pages Posted: 18 Jan 2011

See all articles by Gary C. Biddle

Gary C. Biddle

University of Melbourne - Faculty of Business and Economics; Columbia Business School; HKU Business School; London Business School

Shahrokh M. Saudagaran

University of Washington, Tacoma - Milgard School of Business

Date Written: August 5, 1991

Abstract

As firms enter foreign markets for customers and capital, accounting practitioners must wrestle with cross-border differences in languages, customs, accounting conventions, and auditing standards. Stock exchanges in the U.S. claim that they are at a competitive disadvantage because stringent U.S. reporting requirements discourage foreign firms from listing here.

This study presents evidence on three key questions raised by these developments:

(1) What are the benefits and costs to listing on a foreign stock exchange? (2) Tb what extent do accounting disclosure requirements influence foreign listing decisions? (3) What are the accounting policy issues posed by foreign stock exchange Ustings and how have regulatory authorities responded?

Suggested Citation

Biddle, Gary C. and Saudagaran, Shahrokh M., Foreign Stock Listings: Benefits, Costs, and the Accounting Poiicy Dilemma (August 5, 1991). Accounting Horizons, Vol. 5, No. 3, 1991, Available at SSRN: https://ssrn.com/abstract=1688144

Gary C. Biddle (Contact Author)

University of Melbourne - Faculty of Business and Economics ( email )

Level 8, Dept of Accounting
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Melbourne, Victoria 3010 3010
Australia
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Columbia Business School ( email )

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HKU Business School ( email )

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London Business School ( email )

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Shahrokh M. Saudagaran

University of Washington, Tacoma - Milgard School of Business ( email )

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Tacoma, WA 98402-3100
United States

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